Sunday, March 7, 2004

Queen City Rewind


The week in business news in Greater Cincinnati and Northern Kentucky

HEADLINERS:

Milacron Inc. shareholders will be closely watching the company's possible issue of 15.1 million shares of stock to help refinance its debt. Milacron's stock has fallen more than 80 percent in two years as the company struggles with a down market for its plastic molding equipment, and the possible new stock issue would further dilute shareholder value even thought it might keep the company out of bankruptcy.

Someday, Comair officials might call this a speed bump. But when parent Delta Air Lines awarded its 2005 regional jets to other subsidiaries instead of Erlanger-based Comair, it was the kind of bump the often-expanding regional carrier hasn't seen in a long while.

Cinergy Corp. is on the leading edge in its providing high-speed Internet access through power lines. It could be a triple win for consumers, with more access, more choice and lower prices.

QUOTE OF THE WEEK:

"I now realize that I have been abducted and thrown into Pandora's Box, and stuffed into a rotten bag of Medusa worms." This from George Fiorini in an affidavit submitted as part of his fraud and money laundering trial.

APPLAUSE, APPLAUSE:

Hamilton County voters passed a property-tax levy last week that will give the Cincinnati Museum Center nearly $3.7 million a year, a crucial bridge to keeping it financially viable.

DOWNTOWN IS COOKING:

Jean-Robert de Cavel has opened his new JeanRo bistro on Vine Street downtown, piggybacking on his more formal restaurant in the old Pigall's building on Fourth Street. Meanwhile, three blocks away, the owners of the Maisonette are talking with the city of Cincinnati and other communities about incentives to stay downtown or to move to the suburbs.




BUSINESS HEADLINES
Comair not a 'give-up' airline
Look Who's Talking: Paul Fiorelli
P&G's brushes bring new spin to big brands
Queen City Rewind
No short route to suppliers
Nor-Com stays current
Business agenda
Tristate Business Notes